Oman’s Special Economic Zone Authority at Duqm (Sezad) is looking to tap project finance to fund major infrastructure development projects in the sultanate, a report said.

The government entity recently asked contractors bidding for certain projects to include financing options in their offers, according to the Oman Observer report.

The projects included a contract for the construction of the Jurf and Saay flood protection dams in Duqm, as well as the construction of a system for supply cooling water for the SEZ’s heavy industries.

The largest of the ventures being weighed for execution against project finance is the first phase of the bulk liquid berths terminal in the Port of Duqm, the report said.

These financing proposals will allow for Sezad to evaluate options for tapping bank credit and other resources for speedy implementation of projects crucial to the ongoing development of the SEZ, it added.